badeconomics

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A friend of mine once said: You know what the problem is with being an economist? Everyone has an opinion about the economy. No body goes up to a geologist and says, 'Igneous rocks are fucking bullshit.'

This subreddit is the repository for all of the woeful, antiquated, or plain old misguided notions Redditors post about how the economy works.

Rule I

-Please post a small explanation on why what you have posted is bad economics, doesn't have to be thesis, but sufficient length to provide context. A few sentences and counterexamples are enough. An example of a good RI's is here and here but RI's can be much shorter.

OP must write an RI. Other redditors are encouraged to provide RIs and more information.

If an RI is not written, the post will be removed until an RI is provided. Insufficient RIs will also be removed. However, users will have a reasonable amount of time (at least an hour, no more than a few) to construct an RI

An RI must be written in order to gain access to the silver thread.

This RI was determined by popular vote on VI/II/MMXV. Results here.

Rule I.a

Commenting privileges in the silver thread are now conditional on completing a rule I every quarter. Quarter being defined as the end of each journal day.

Rule II

Please post the link in np. mode. A link should look something like this:

http://np.reddit.com/r/shittyeconomicssubreddit/comments/IIhkVIyIX/Bernakebadtouchedmybitcoin/cktuXLVIIIh

Rule IV

All questions must be asked in the stickied threads. Do not post any "Is [X, Y, Z] bad economics?" self-posts.

Rule V

No reasoning from a price change in general equilibrium.

Rule VI

/u/Ponderay's rule: If you state that a Nobel Prize winning economist is bad economics (e.g. if you disagree with Paul Krugman) you must provide an explanation at least two paragraphs long as to why they are wrong.

Copy-pasta:

Comments on Ball and Mankiw, Lucas (1994)

The Role of Monetary Policy, Friedman (1968)